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BREAKDOWN: 'Absolute Raging Mania' – Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

Author
CoinDesk
Published
Wed 09 Sep 2020
Episode Link
None

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:

Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials 

Bitcoin and gold correlation increases sharply around dollar instability

Mastercard launches simulation tools to help develop central bank digital currencies

Our main discussion: Stan Druckenmiller speaks!
NLW breaks down the famed investor’s interview with CNBC today, including: 

The merging of the Fed and the Treasury

Mania in financial assets 

A growing fear of future inflation 

Why the next three to five years are going to be extremely difficult

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